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Revolut vs. N26

Both banks are fully digital with app-based budgeting.

Updated

Fact checked
Revolt vs N26
Both of these challenger banks are new to the US, with N26 available to US customers now and Revolut planning to launch soon, with a waitlist open. Which one you should choose depends on how you spend and manage your money.

Revolut vs. N26: Side-by-side comparison

Revolut offers a free account as well as two different premium accounts. At the time of writing N26 offers one account type. The following chart compares the N26 account against the free standard Revolut account.

RevolutN26
Fees and charges$0$0
Domestic ATM chargesFree withdrawals up to $300/month, then 2% of the withdrawal amount2 free withdrawals per month, then $2 per withdrawal
Foreign ATM chargesFree withdrawals up to $300/month, then 2% of the withdrawal amount2% of the withdrawal amount
Send money to friendsFree to anyone with a Revolut accountFree to anyone with an N26 account
Transfer money internationallyTransfer to 29 currencies with a 0.5% fee for anything above $6,500 each month plus a flat markup on weekends and in certain currenciesN/A
Spending insightsShows spending by category, merchant, country, and monthOffers insights into where you spend your money, along with monthly reports help understand your spending habits
Freeze your cardYes: Touch of a button in appYes: Touch of a button in app
InterestNoneNone
Savings goalsSet budgets in the app and open vaults that let you store your moneySpaces feature lets you open subaccounts to stash your money away
VisualizationSpending graphs show which days you’ve spent most/least moneyMonthly spending statistics shown in pie chart
Foreign exchange fees0.5% for spending more than a certain unspecified amount each month, plus a flat markup on weekends and for some currenciesNone

Revolut vs. N26: The verdict

Using the app

In terms of the actual app, there’s not much separating these two. Both Revolut and N26 offer stylish graphics and spending insights, categorizing your transactions and showing you how much you’ve spent in a category or at a particular shop. Budgeting with both apps is easy and structured. Both also offer the ability to create subaccounts to store money away for a particular savings goal. N26 has Spaces and Revolut has Vaults.

Using your card abroad

When compared with using your traditional bank card, both Revolut and N26 will save you more money abroad. Revolut is probably the better option out of the two, though.

  • Card transaction fees. N26 doesn’t charge any foreign exchange fees, while Revolut charges 0.5% for spending more than a certain unspecified amount each month, plus a flat markup on weekends and for some currencies.
  • Number of countries. With Revolut, you can take money out in 150 different countries. N26 doesn’t say in how many countries its card can be used.
  • ATM withdrawals abroad. Revolut lets you withdraw $300 a month at foreign ATMs, but charges a 2% fee after that. N26 charges 2% of the withdrawal amount.

Security

N26 is FDIC-insured through its partner bank, Axos Bank. Revolut partners with FDIC-insured bank Metropolitan Commercial Bank to protect funds on its prepaid debit cards.

Video: Alex Weber, head of international markets, on why N26 is different

Compare with other digital banks

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
N26
N26
$0
Fee-free ATM withdrawals at Allpoint ATMs
$0
A digital bank account with no hidden fees, no minimum account balance and no maintenance charges.
Aspiration Spend & Save Account
$10
Fee-free ATM withdrawals at Allpoint ATMs
$0
A spend and save combo account with no monthly service fees, free access to every ATM in the world, unlimited cash back rewards and deposits insured by the FDIC. The Aspiration Spend & Save Account is a cash management account offering of Aspiration Financial, LLC, an SEC-registered broker-dealer. Aspiration is not a chartered bank.
Chime Spending account
$0
38,000 fee-free ATMs nationwide
$2.50
Linked checking and savings accounts from a mobile-first bank that’s light on fees.
Lili
$0
32,000 fee-free ATMs nationwide
$2.50
A checking account designed for freelancers with no account fees and no minimum balance.
Zero Checking
$0
Zerocard is usable anywhere Mastercard is accepted.
$0
A mobile banking experience consisting of an app, a credit card called Zerocard, and a checking account called Zero Checking.
Unlimited Cash Back Bank Account by Green Dot
Unlimited Cash Back Bank Account by Green Dot
$0
Thousands of free in-network ATMs
$3
Earn 2% APY on your savings by opening a High-Yield Savings Account + 2% cash back on online and mobile purchases
Dave
Over 32,000 MoneyPass ATMs nationwide
$0
This digital-only deposit account features overdraft protection, interest-free cash advances and no minimum balance. But prospective new account holders are waitlisted.
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Compare up to 4 providers

Bottom line

Both N26 and Revolut offer consumers a fully in-app way to control their finances. But they’re also very new: N26 launched in the US in July 2019, and as of August 2019 Revolut has not yet launched in the US.

If you’re considering switching banks, compare other checking accounts to N26 and Revolut before making a decision.

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2 Responses

  1. Default Gravatar
    MischaOctober 11, 2019

    ATM withdrawals abroad. Revolut lets you withdraw $300 a month at foreign ATMs, but charges a 2% fee after that. N26 charges $2 plus 2% of the withdrawal amount.

    That’s not true ! N26 charges 1,7% of the withdrawal amount, without extra 2 $ !!!

    • Avatarfinder Customer Care
      RyanOctober 11, 2019Staff

      Mischa,
      Thanks for reaching out to us. The 1.7% is the percentage amount for N26’s EU account holders. US account holders have a 2% charge. We also doubled checked N26’s extra $2 fee. Its website still mentions the $2 fee, but an N26 customer service rep confirmed that there’s actually no $2 extra, just 2%. Hopefully N26 will update its website soon. We’ve updated our reviews. Thanks for pointing that out.

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